Sun Pharmaceutical acquires InSite Vision

posted by Phill Allen

November, 04th, 2015

Company News Pharmaceutical Industry News

Sun Pharmaceutical Industries has completed the acquisition of US-based eyecare firm InSite Vision in a move designed to strengthen its branded ophthalmic portfolio in the States.
Sun Pharmaceutical acquires InSite Vision
In a statement, Sun Pharma said the deal was sealed by way of a short-form merger under the Delaware law. InSite Vision is now an indirect wholly-owned subsidiary of Sun Pharma.
As a result of the merger, each issued and outstanding share of InSite common stock has been transformed into the right to receive $0.35. InSite is no longer held to reporting obligations under the Securities Exchange Act of 1934 as amended.
Sun Pharma’s statement explains: “Holders of shares of InSite common stock that did not tender their shares into the tender offer will receive by mail written instructions for surrendering their share certificates or transferring their book-entry shares, including a letter of transmittal, and information regarding the exercise of appraisal rights under the Delaware law.”
Earlier in September, Sun Pharma announced its intent to scoop up InSite Vision for around $48 million with related debt and other transaction costs tagged on.  
The multinational pharmaceutical company, headquartered in Mumbai, Maharashtra, manufactures and sells pharmaceutical formulations and active pharmaceuticals.
Visit Sun Pharma website for more information

TAGS: pharmaceutical industry, Sun Pharmaceutical Industries,

SHARE:

Author

Phill Allen

Managing Director

Phill is an innovative thinker particularly in fluid management. His expertise lies in ensuring the seamless flow of pharmaceutical liquid logistics, whether it's optimising current processes or pioneering new approaches.

ALLpaQ Achieves ISO 9001 & ISO 14001 Certifications Again! – A Testament to Quality & Sustainability 
Company News

ALLpaQ Achieves ISO 9001 & ISO 14001 Certifications Again! – A Testament to Quality & Sustainability 

Setting the Standard in Bioprocess Packaging  At ALLpaQ, we’re thrilled to announce that we have achieved ISO 9001 & 14001 […]

May 01st, 2025

Health & Safety at ALLpaQ: Meet the Team That Keeps Us Safe
Careers Company News Containers

Health & Safety at ALLpaQ: Meet the Team That Keeps Us Safe

Apr 28th, 2025

How bioprocess containers can benefit upstream processing
Pharmaceutical Industry News

How bioprocess containers can benefit upstream processing

Feb 20th, 2025